ZENITH INDUSTRIES HAS $1,235,800 IN SALES. THE PROFIT MARGIN IS 6.5 PERCENT AND THE FIRM HAS 22,000 SHARES OF STOCK OUTSTANDING. THE MARKET PRICE PER SHARE IS $38.75. WHAT IS THE PRICE-EARNINGS RATIO?
ZENITH INDUSTRIES HAS $1,235,800 IN SALES. THE PROFIT MARGIN IS 6.5 PERCENT AND THE FIRM HAS 22,000 SHARES OF STOCK OUTSTANDING. THE MARKET PRICE PER SHARE IS $38.75. WHAT IS THE PRICE-EARNINGS RATIO?
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 13P
Question

Transcribed Image Text:ZENITH INDUSTRIES HAS $1,235,800 IN SALES. THE PROFIT MARGIN IS 6.5
PERCENT AND THE FIRM HAS 22,000 SHARES OF STOCK OUTSTANDING. THE
MARKET PRICE PER SHARE IS $38.75.
WHAT IS THE PRICE-EARNINGS RATIO?
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